Timing belt wrote: » Which landlord has 50% occupancy?
Browney7 wrote: » From reading the Kennedy Wilson Q3 report it seems they only have a 50% ownership of most of their Dublin residential holdings. It's a summary report so I know no more. 2020 year end reports will be interesting for IRES - they had a low vacancy in Q2 but 6 months is a long time in this pandemic so will be interesting to see any trends
MacronvFrugals wrote: » Poll: Should there be a levy on housing units that lie vacant for over six months?https://www.thejournal.ie/vacant-housing-unit-tax-5328133-Jan2021/ Results so far suggest most people in favor of this particularly in Dublin
fliball123 wrote: » There should be zero levies until the government sort out the issues of tenants who can phuck around landlords with payment (or lack of). This is IMO the main reason why a lot of units are not rented out as people see tenants being afforded all of the protection of the state and are allowed stay in someone elses property rent free for 2 years, wreck the place and then sail off into the sunset. Until this disparity is cleared up there should be no levy.
PropQueries wrote: » By that logic nobody should set up a business in the off-chance someone doesn’t pay them for goods/services supplied. The current rental yields more than compensate for the very very very slim chance a tenant doesn’t pay and stays in the property for two years rent free.
MacronvFrugals wrote: » I think the market is ok for landlords at the minute, just barely though...'Outrageous' Daft.ie 'home' removed as €1,200 p/m Dublin bed in shed causes fury onlinehttps://www.dublinlive.ie/news/dublin-news/property-dublin-daft-renting-tallaght-19461197
fliball123 wrote: » I am not talking about the amount I am talking about the security of getting paid. You only have to look at the amount of small landlords who have legged it from the market after the all of the new legislation protecting tenants came in as yes it protected tenants but at the same time it has left landlords open to all kinds of abuse from tenants.
MacronvFrugals wrote: » When you've landlords turning what is essentially factory containers into living units and the relevant authorities doing nothing about it, it would be fair to say this goes both wayshttps://www.dublininquirer.com/2020/08/26/in-glasnevin-a-landlord-attempts-to-illegally-evict-two-residents
Marius34 wrote: » Over six month vacancy is typically considered as long term vacancy. Dublin has very low number of Long term vacancy, thus the impact would be very minimal.
Ozark707 wrote: » If that is the case then there should be no real impediment to implementing a vacancy tax. Most LL’s won’t have such a long void so it won’t affect them and if there are only a small number of REITs in this boat then it should not cause any major rumblings. If there are major rumblings then it might indicate there are quite a few in this boat.
Marius34 wrote: » I don't think it would be a problem for large Landlords, as only small portion of their properties stay vacant over 6 month, but I'm afraid it would be an issue for non LL home owners, especially in country side.
Ozark707 wrote: » As they have established RPZ’s already then that would be very easy to implement so.
Marius34 wrote: » Maybe, if it's not to much bureaucracy to identify 6 months vacancy for exact properties. The thing, that I don't think that there would be any visual impact on Irish Property Market, as RPZ zones has lowest Long Term vacancy rates.
schmittel wrote: » Really? Where are you getting that info from?
Timing belt wrote: » It needs to be thought through fully, implemented and followed up on unlike most of the housing initiatives by the government. There was lots of noise about the vacant housing unit being set up in the department of housing 4/5 years ago and yet we have heard or have seen very little of them.
Ozark707 wrote: » Fully agree it needs to be fully thought out. It does not look like it is rocket science to figure out though either. We were told it was going to be very hard to go after Airbnb's as well. I suspect if there was a gentle nudge you could flush out many of the vacant in the REITs pretty quickly.
PropQueries wrote: » I’m not sure much thinking has to go into such a proposal. We can take some off-the-shelf solutions that are implemented in many other countries. Many other countries have a vacant property tax with the danish actually criminalising property owners who don’t tell their councils about their property being vacant to Washington D.C. slapping a 10% tax on derelict property. If vacant property isn’t such a big problem in Ireland, people shouldn’t be too worried as it wouldn’t apply to most..
combat14 wrote: » great to see 6% house price increases predicted in the current environment of course the banks predicted 10% - 15% decreases last year and they were wrong... so the truth is who actually knows could go anyway
Timing belt wrote: » Prop Are you going to reply about my other post? I would like to know who the poster is and that you were not misrepresenting what I said. Thanks
Knex* wrote: » Hard not to see increases in the short term, anyway. Until a vaccine is rolled out and people are comfortable putting their homes online again and allowing viewings, we're only going to see a bottleneck in terms of demand and being able to purchase. Supply is so bad that anything remotely turn key in good areas are nearly guaranteed to result in a bidding war and go above asking at the minute. Overall supply is down 50% or more from your average month. I don't think demand has dropped by quite that amount, and we were already in a shortage prior to covid. Although arguably prices had stagnated. If we see price drops, I don't know if that can happen until towards the end of the year when supply goes back to normal volumes.
Ozark707 wrote: » Yes they could just start by looking at daft and targeting the multi unit places.
